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Ann: CEO Appointment - Swami Raote, page-177

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  1. 17,116 Posts.
    lightbulb Created with Sketch. 2421
    Just for arguments sake they do decide to do that. Another 10 local employees, 5 each in Japan and S Korea.
    Cheapest option is working from home, but Swami wants an proper office with a computers and fax machines and white board with coloured pins and proper temperature controlled storage for product.

    Initially they make no money so how much would it cost the company to carry them while they start operations?
    Both countries have good infrastructure and transport services to meet customers.
    If each employee gets paid USD100k plus maybe $100k in expenses for electricity, karaoke bars, taxis, calling cards, dinners and alcohol. Plus rent and equipment. USD4m for each office should cover it?

    So USD8m will cover the the first year at least, with Swami no doubt wanting to see some progress and customers signed up by the end of the year. Paying their own way by the end of the second year?
    If it works out, that's not a lot of capital really.
 
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